Professional Business ConsultingFrequently Asked Questions
Everyone has Questions.
We have tried our best to answer all of the complimentary questions.
If you still need any help contact us.
CAN YOU HELP ME AVOID PERSONAL RESPONSIBILITY FOR MY COMPANY'S BANKRUPTCY?
In theory, you cannot escape from a debt that you have personally. Especially when you put your head as a security to the bank. In practice, however, we can usually ensure that you are not being inconvenienced by the debts. We can keep bill collectors from your door and avoid that your personal belongings get taken away from you and your family.
I HAVE GIVEN MY HOUSE AS COLLATERAL WITH THE BANK, WHAT NOW?
If this house is the only house you have, you can in most cases protect that house from being taken away.
WHY WOULD I NOT CLOSE MY BUSINESS JUST ON MY OWN, WHAT VALUE DO YOU PROVIDE?
Depending on what country your business is located, you can’t simply stop a company on your own.
You need the support of a legal person, for example, a notary or a lawyer. In a place like Belgium for example, a notary is going to ask of you around 3.000 EUR and that is just only for the paperwork. In no way, you’re going to get advice on how and what to do not to lose more money. Don’t forget that a notary is representing the government. When you stop a business in a conventional way like the notary will ‘advice you’ to do, that is going to take time. During this time you’re going to get questions from other government representatives, like for example civil servants who are coming from departments such as VAT and tax authorities.
I am behind with payments of social security and because of this I no longer have health insurance. It worries me knowing that in the future I maybe will not have medical care and cannot count on a health insurance fund.
Within 3 months we can restore that right for you.
IF I TERMINATE MY COMPANY, CAN I RECEIVE A MONTHLY FINANCIAL INCOME.
Yes. The monthly social benefit you receive is at least 1.400 EUR.
HOW LONG MUST I WAIT BEFORE I CAN START UP A NEW COMPANY WHEN I HAVE A BANKRUPTCY?
You can start directly with working in or on a new project. This you can do over and over again. Even if you were told by the court that you may not run a company again, even then we can bring you back on track.
DO YOU ONLY HELP WITH TAKING OVER AND TERMINATION OF COMPANIES? OR DO YOU ALSO HELP WITH THE START-UP OF NEW COMPANIES?
We also help starting entrepreneurs.
What possibilities for financing a project or company are available?
Those who do not have the necessary starting capital available to set up a fully-fledged business can count on us. We offer loans through private financiers. Investors are constantly looking for good companies with a future. They are Business Angels who provide you with the money as a loan.
WHAT ARE THE STRENGTHS WHEN I START A NEW BUSINESS WITH YOU?
You are protected from liability from day one! (if you start a business with a ‘classic’ accountant you are liable for at least 3 years).
Your tax will be a maximum of only 10%;
You can do business anonymously if you desire this;
You can work and at the same time enjoy a monthly payment of at least 1.400 euros. That way, as a start-up, you benefit from having fewer risks and enjoy less financial stress.
WHAT'S YOUR MAIN BUSINESS?
Our main activity is the setup of companies and taxation. We serve not only entrepreneurs with experience and going concern business. Also, startups can rely on us. Our clients can obtain social benefits & tax exemption.
VIP-TRAINING: I AM ONLY A SMALL STARTING ENTREPRENEUR. IS IT FINANCIALLY RESPONSIBLE TO PAY FOR A VIP TRAINING OR ONLINE COURSE?
The choice is yours, of course, but simply keep in mind that you are not only are getting a whole arsenal of theory. You will hear tips and tricks that are easy and practical to apply for you and your loved ones.
Failure to invest in the online course or VIP-training will result in a reality where you find yourself throwing a multiple of the training amount ‘over the bar’ in taxes and other useless expenses.
As an entrepreneur, you will also be making easily avoidable mistakes were the costs will exceed the not invested amount in training. Even if you do not have your own company but are currently employed on a pay-list, or if you do not work at all, it would be useful for you to know how you can avoid taxes that can easily be saved. And from who else than us can you learn how every person of flesh and blood can obtain a social benefit of at least 1,840 euros every coming month?
Can I buy a ready-made company and change its name?
Yes, if the director makes such decisions, we can carry out all the formalities and change the company’s name.
Can I buy the offshore anonymously?
All personal information of the client can remain anonymously, no need to be filed in any public record.
Do I have to visit the jurisdiction to incorporate/buy the company?
No. All paperwork can be prepared without the personal presence of the beneficial owner.
Investment Company, what are the benefits?
Private funds pooled through an investment company can be put into investment instruments throughout the world, accumulating the returns and capital gains in a tax-free environment.
Using a private investment company would provide additional confidentiality for the investors and tax benefits for the investment returns. While investments in many high tax countries would be subject to withholding tax at source or capital gains, there are still plenty of investment instruments where no such taxation would be applicable. Returns accumulated in a tax-free area would add flexibility to their distribution and re-investment.
May I be the only shareholder and also the director of my company?
Yes, absolutely – although this may not be the best option from the confidentiality point of view.
What is a nominee director?
A nominee director, also known under the more modern name of the third-party director, is a third party, who would be officially registered and acts as a Director of a company. The main objective of having a nominee director is to prevent the general public from knowing that a direct relationship actually exists between the beneficial owner and his company. Employing a nominee director or a nominee manager for an offshore company helps to offset potential implications that the beneficial owner is closely involved in the control and operation of the particular company (the management and control concept). So, in essence, the main purpose of the nominee director is to facilitate the confidentiality of the client. The nominee director may perform various administrative functions that otherwise would have to be performed by somebody directly related to the company. The actual involvement of the nominee Director in the day-to-day matters of the company may vary in accordance with the necessities, wishes, and circumstances of the client. Quite often (but not always), the involvement of the nominee remains, true to the name, nominal. In such a case all practical functions of the day-to-day management of the company would be routinely carried out by the client himself, acting as a representative of the company on the grounds of a power of attorney. Nominee directors are provided by us to our client companies as an optional service.
What is a nominee shareholder?
A nominee shareholder is an unrelated third party, who is officially registered as the holder of shares in a company. The purpose of the nominee shareholder is to uphold client secrecy by shielding the actual owner of the company from being publicly associated with that particular company. In a nominee shareholder situation, a confidential legal document (a declaration of trust, a deed of transfer, a nominee services agreement, or another similar document) would be issued by the nominee and held by the beneficial owner. Such confidential document would evidence the actual state of affairs – namely, that the shares are only held by the nominee for and on behalf of the beneficial owner, and that only the beneficial owner has the right to dispose of those shares and is entitled to all benefits and profits deriving from those shares. Nominee shareholdings are commonly provided by us to our client companies as an optional service.
May I use another company as a shareholder of my company?
Yes, corporate shareholders are allowed. Corporate directors, too.
What is a shelf/ready made/aged company?
A shelf / ready-made company is a company that has been already formed and incorporated, registered on a prior date. Shelf / ready-made companies are corporate entities that have been established by the party – Proficonsult – who did create the company, who holds the company until purchased by a new owner. When the transaction is made, the ownership of the company transfers from the first owner – Proficonsult – to the third party, who then commences trading activity under the company name. As a rule, a shelf / ready-made company hasn’t been conducted any business activity so far. It was created and left with no activity – metaphorically put on the “shelf” to “age” (aged corporation). There is quite often that investors want to start a business as soon as possible without waiting for all (time-consuming) procedures of brand new companies formation and registration to be completed, and they decide to buy a shelf / ready-made company which can be sold smoothly to a person or group of persons who wish to start a company without going through all the procedures of creating a new company. General, a great solution is to buy a company that has been not commenced business and has no liabilities or debts. At the same time, they are fully registered, and they allow to start the business the same day after handling formalities related to purchasing shares. Another reason for purchasing a shelf/ready-made company is the occasional necessity for a company that has already been in legal existence for some time – for formalizing an existing defacto deal, or for purely having a company that already has some age. A variation of this option is the so-called vintage or aged company. A vintage company may have been held one or more years on the shelf before the sale. A purchase of a vintage company is justified when there is a genuine necessity to show that the company has actually been in legal existence for an extended period of time.
What is an Apostille?
Apostille certification is a fancy name for a bureaucratic procedure by which official documents issued in one country are certified in a uniform way so that they become formally acceptable in another country. This procedure was established in 1961 under the Hague Convention, and nowadays almost all countries of the world are part of this Convention. In the Apostille process, the signature of the officer, who has certified the document locally (usually, the Notary) is authenticated by a second-tier certification. A special stamp or sticker, called Apostille, is attached to the document, on top of the Notarial inscription. Contrary to a popular view, the Apostille does not confirm the contents of the document. It merely certifies that the first-tier certifier – the Notary – has been real, and had the appropriate rights and powers to make the underlying certification in the first instance. Apostille is usually issued by a designated government office, like the Foreign Office or the Supreme Court of the country.